Tamboran Resources Corporation has announced a significant gas sales agreement with the Northern Territory Government. Under the take-or-pay contract, Tamboran is expected to deliver 40 MMcf/d of gas, which is crucial for the region's power generation needs. The agreement is subject to standard regulatory approvals and favorable weather conditions. The commitment is supported by five wells, ensuring the required gas volume is met. This partnership underscores the importance of gas in the Northern Territory's energy landscape. Additionally, Falcon Oil & Gas Australia Limited has opted out of the 2025 Shenandoah South drilling program, with Tamboran and Daly Waters Energy, LP funding the work program equally.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tamboran Resources Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250616242684) on June 16, 2025, and is solely responsible for the information contained therein.